Studio66 & OnlyFans

Are all of you guys employment lawyers?

Armchair Emplyment lawyers of course

Here is the government's definition of employment status. There are some grey areas between worker and self employed status that may be relevant:

https://www.gov.uk/employment-status

(23-10-2018 13:05 )Rake Wrote:  Further complication is that while most of the presenters may be self-employed as sole traders; some of them may route their S 66 income through a limited company in order to only pay the advantageous corporation tax rate.

If they do the latter they run the risk of falling foul of HMRC IR 35 rules.

I doubt this is that important I don't see them saving £100,000 a year in a company for a rainy day the girl's don't earn enough to get a massive benefit from this

(23-10-2018 11:55 )HEX!T Wrote:  seemingly 6 have said there off.
valentina is off in november to babestation days... simply because they pay there girls to do the cams. not because of the OF.
i guess she doesnt know they also take 70% of her cam earnings.

Valentina’s leaving? Where she said that?

pm sent... i dont give sources in the forum.

(23-10-2018 17:03 )tiffanyridesme Wrote:  

(23-10-2018 13:05 )Rake Wrote:  Further complication is that while most of the presenters may be self-employed as sole traders; some of them may route their S 66 income through a limited company in order to only pay the advantageous corporation tax rate.

If they do the latter they run the risk of falling foul of HMRC IR 35 rules.

I doubt this is that important I don't see them saving £100,000 a year in a company for a rainy day the girl's don't earn enough to get a massive benefit from this

Even agency nurses do it. I am sure they don't pull anywhere near what the top babes do. There's no lower limit entrance income threshold to limited company ownership.

The attraction is stark: 19% tax Vs. 40% (and corporation tax going down to 18% in 2020).

(23-10-2018 17:49 )Rake Wrote:  Even agency nurses do it. I am sure they don't pull anywhere near what the top babes do. There's no lower limit entrance income threshold to limited company ownership.

The attraction is stark: 19% tax Vs. 40% (and corporation tax going down to 18% in 2020).

Once you take other deductions most contractors pay about 12%. When I'm paying some of mine £850 per day it's a he'll of a difference (ie £170K per year would be 68K at 40% (yes I know it's more complex) against some 20k at 12%). God I hate contractors

(23-10-2018 17:32 )HEX!T Wrote:  pm sent... i dont give sources in the forum.

sent pm to you, hope u can get back to me (in strictest confidence)

(23-10-2018 16:44 )goatman222 Wrote:  Are all of you guys employment lawyers?

My day is spent around large contracts multi million pound contractsand though I rely on lawyers and commercial managers for detail they are essentially my contracts. It's no fun I can tell you and I'd rather get on and deliver stuff, but hey ho, that's where the IT industry is these days sadly